Côte d’Ivoire successfully raised 110 billion FCFA on the regional financial market after investor demand reached 225.2 billion FCFA, more than double the government’s initial target of 100 billion FCFA.
The operation included a 364-day Treasury bill and two Treasury bonds with maturities of three and five years.
The strongest performance came from the five-year bond tranche, which carried a fixed interest rate of 5.45% and achieved a 100% absorption rate, with all 40.96 billion FCFA in bids fully accepted.
The three-year bond, offering a 5.20% fixed rate, absorbed 66 billion FCFA out of 142.5 billion submitted, while the one-year Treasury bill attracted limited acceptance despite strong subscriptions.
Ivorian investors dominated the operation, accounting for most of the accepted bids across all tranches, while investors from Benin and Senegal also participated significantly in the five-year bond segment.
Authorities said the strong demand reflects continued investor confidence in the Ivorian economy and appetite for long-term government securities amid ongoing regional fiscal consolidation efforts.
